The performance of bonds, namely investment-grade and sovereign issues this year has been a key talking point for asset managers and investors around the world. If you didn’t enter 2016 owning investment-grade credit, it’s likely you’ve underperformed.
Even though more than $13 trillion of credit is currently trading with a negative yield, investors continue to plough money into the sector seeking security and returns over yield in a low growth, uncertain world.
high yield paradise Could Turn Into A Nightmare: BAML
Analysis from UBS concludes that a year-to-date credit market returns have been a direct result of investment managers trying to catch up to benchmarks.
Number Of US High-Yield Defaults At Post-Crisis High
Analysis from the Swiss bank using data...
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